Woodside Energy Group Ltd (WDS) To Go Ex-Dividend on August 29th

Woodside Energy Group Ltd (NYSE:WDS) declared a semi-annual dividend on Wednesday, August 20th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.53 per share on Wednesday, September 24th. This represents a yield of 700.0%. The ex-dividend date of this dividend is Friday, August 29th. This is a 3.9% increase from Woodside Energy Group’s previous semi-annual dividend of $0.51.

Woodside Energy Group has a dividend payout ratio of 151.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Woodside Energy Group Trading Down 0.3%

WDS opened at $17.42 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The company’s 50 day simple moving average is $16.54 and its two-hundred day simple moving average is $14.96. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $18.44. The firm has a market capitalization of $33.07 billion, a price-to-earnings ratio of 21.24 and a beta of 0.67.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WDS. Wall Street Zen lowered shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. CLSA raised shares of Woodside Energy Group to a “strong-buy” rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Woodside Energy Group

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.